The following national income data are available for a country. All data are in billion dollars. Category Value Residential Investment 110.00 Payments of Factor Income to the rest of the world 50.00 National Income 2,164.00 0.00 Inventory Adjustment Personal Consumption Expenditure Depreciation Exports Nonresidential Investment 1,540.00 66.00 132.00 220.00 Receipts of Factor Income from the Rest of the World Government Transfer Payment Statistical Discrepancy 80.00 200.00 0.00 242.00 Imports Using the above information calculate the values of GDP, GNP, NNP and Government Consumption and Gross Investment (G). GDP equals $ billion. (Enter your response as an integer.) NNP equals $ billion. (Enter your response as an integer.) GNP equals $ billion. (Enter your response as an integer.) Government Expenditureequals $ billion. (Enter your response as an integer.)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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The following national income data are available for a country. All data are in billion dollars.
Category
Value
Residential Investment
110.00
Payments of Factor Income to the rest of the world
National Income
50.00
2,164.00
Inventory Adjustment
Personal Consumption Expenditure
Depreciation
Exports
0.00
1,540.00
66.00
132.00
Nonresidential Investment
220.00
Receipts of Factor Income from the Rest of the World
Government Transfer Payment
Statistical Discrepancy
80.00
200.00
0.00
242.00
Imports
Using the above information calculate the values of GDP, GNP, NNP and Government Consumption and Gross Investment (G).
GDP equals $
billion. (Enter your response as an integer.)
NNP equals $
billion. (Enter your response as an integer.)
GNP equals $
billion. (Enter your response as an integer.)
Government Expenditureequals $
billion. (Enter your response as an integer.)
Transcribed Image Text:The following national income data are available for a country. All data are in billion dollars. Category Value Residential Investment 110.00 Payments of Factor Income to the rest of the world National Income 50.00 2,164.00 Inventory Adjustment Personal Consumption Expenditure Depreciation Exports 0.00 1,540.00 66.00 132.00 Nonresidential Investment 220.00 Receipts of Factor Income from the Rest of the World Government Transfer Payment Statistical Discrepancy 80.00 200.00 0.00 242.00 Imports Using the above information calculate the values of GDP, GNP, NNP and Government Consumption and Gross Investment (G). GDP equals $ billion. (Enter your response as an integer.) NNP equals $ billion. (Enter your response as an integer.) GNP equals $ billion. (Enter your response as an integer.) Government Expenditureequals $ billion. (Enter your response as an integer.)
The economy of Tuland produces only two products oranges and dvds. The following information is available for production and prices of Tuland's products for the years 2009 and 2010.
2009
2010
10
11
Quantity of oranges
Quantity of dvds
Price of oranges
10
14
$5.50
$5.00
$40.00
$24.00
Price of dvds
Using above information, calculate the following values.
Real GDP for 2009 using 2009 as base year equals $
(Enter your response rounded to two decimal places.)
Real GDP for 2009 using 2010 as base year equals $
(Enter your response rounded to two decimal places.)
Real GDP for 2010 using 2009 as base year equals $
(Enter your response rounded to two decimal places.)
Real GDP for 2010 using 2010 as base year equals $
(Enter your response rounded to two decimal places.)
%. (Enter your response rounded to two decimal places.)
GDP growth rate using 2009 as base year equals
GDP growth rate using 2010 as base year equals %. (Enter your response rounded to two decimal places.)
The arithmetic average of the two growth rates equals %. (Enter your response rounded to two decimal places.)
Transcribed Image Text:The economy of Tuland produces only two products oranges and dvds. The following information is available for production and prices of Tuland's products for the years 2009 and 2010. 2009 2010 10 11 Quantity of oranges Quantity of dvds Price of oranges 10 14 $5.50 $5.00 $40.00 $24.00 Price of dvds Using above information, calculate the following values. Real GDP for 2009 using 2009 as base year equals $ (Enter your response rounded to two decimal places.) Real GDP for 2009 using 2010 as base year equals $ (Enter your response rounded to two decimal places.) Real GDP for 2010 using 2009 as base year equals $ (Enter your response rounded to two decimal places.) Real GDP for 2010 using 2010 as base year equals $ (Enter your response rounded to two decimal places.) %. (Enter your response rounded to two decimal places.) GDP growth rate using 2009 as base year equals GDP growth rate using 2010 as base year equals %. (Enter your response rounded to two decimal places.) The arithmetic average of the two growth rates equals %. (Enter your response rounded to two decimal places.)
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